easyjet (OTCMKTS:EJTTF) Shares Gap Up – Here’s What Happened

easyjet PLC (OTCMKTS:EJTTF)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $7.60, but opened at $8.59. easyjet shares last traded at $8.59, with a volume of 250 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research raised easyjet to a “hold” rating in a research report on Wednesday, July 8th. Sanford C. Bernstein downgraded shares of easyjet from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, UBS Group lowered shares of easyjet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

easyjet Price Performance

The business’s fifty day simple moving average is $7.19 and its 200 day simple moving average is $6.09.

About easyjet

easyJet plc is a UK-based low-cost airline known for operating scheduled point-to-point flights across Europe, Turkey, North Africa and select destinations in the Middle East. Trading under the symbol EJTTF on the OTC Markets, the company offers no-frills air travel with a focus on affordable fares and ancillary revenues from services such as seat selection, in-flight catering and checked baggage.

Founded in 1995 by Stelios Haji-Ioannou and commencing operations in 1996, easyJet pioneered the low-cost carrier model in Europe, targeting both leisure and business travelers with a streamlined cost structure and high aircraft utilization.